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Cravath Publishes Summer 2026 Issue of Alumni Journal

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News & Insights

Blackstone / GSO Secured Lending Fund’s Credit Facilities

June 29, 2020

Cravath represented Citibank, N.A., as administrative agent, in connection with the arrangement of $550 million of credit facilities made available to Blackstone / GSO Secured Lending Fund, an externally managed and non‑diversified closed‑end investment company. The transaction closed on June 15, 2020.

The Cravath team included partner Stephen M. Kessing and associates Janice T. P. Martindale and Vanessa Isler on banking matters, and partner J. Leonard Teti II and associates Peter W. Rogers and Luis Calderon-Gomez on tax matters.

Related Practices & Industries

  • Corporate
  • Banking and Credit
  • Tax
  • Private Equity
  • Financial Services and Insurance

People

Photo
Name
Stephen M. Kessing
Title
Corporate
Title
Partner
Email
skessing@cravath.com
Phone
+1-212-474-1152
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    Education

    • J.D., 2005, Duke Law School
      Order of the Coif, magna cum laude
    • M.B.A., 2001, University of Southern California
    • B.S., 1995, Miami University of Ohio

    Admitted In

    • New York
    Photo
    Name
    J. Leonard Teti II
    Title
    Tax
    Title
    Partner
    Email
    lteti@cravath.com
    Phone
    +1-212-474-1896
    vCard
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      Education

      • J.D., 2005, University of Virginia School of Law
        Order of the Coif
      • A.B., 1999, Princeton University
        with Honors

      Admitted In

      • New York

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      3M Company’s $4.25 Billion Revolving Credit Facility

      Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $4.25 billion revolving credit facility made available to 3M Company, a leading diversified technology company. The transaction closed on August 17, 2026. 

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      August 31, 2026

      AdvanSix Inc.’s Credit Facilities

      Cravath represented AdvanSix Inc. in connection with $425 million of credit facilities. AdvanSix Inc. is a leading integrated chemistry company that produces essential materials for diverse end markets. The facilities consisted of a $275 million revolving credit facility and a $150 million term loan facility. The transaction closed on August 14, 2026. 

      Deals & Cases

      July 23, 2026

      Nexeye’s Repricing of its Term Loan Facility

      Cravath represented the arrangers in connection with the repricing of Nexeye Holding B.V.’s €325 million term loan facility. Nexeye Holding B.V., a portfolio company of KKR, is a leading European optical retailer. The transaction closed on June 9, 2026. 

      Deals & Cases

      July 13, 2026

      Boluda Towage’s €2.45 Billion Term Loan and Revolving Credit Facilities 

      Cravath represented the agent, mandated lead arrangers and lenders in connection with Boluda Towage’s €2.15 billion (equivalent) term loan facility and €300 million multi‑currency revolving credit facility. The proceeds will be used towards refinancing certain existing credit facilities and for general corporate purposes. Boluda Towage is a leading maritime services operator. The transaction closed on June 30, 2026. 

      Cravath Bicentennial

      Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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